LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Growth ETF
IVW
|
+$346M |
| 2 |
Apple
AAPL
|
+$225M |
| 3 |
iShares MSCI EAFE Growth ETF
EFG
|
+$223M |
| 4 |
Microsoft
MSFT
|
+$217M |
| 5 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$181M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE Value ETF
EFV
|
+$124M |
| 2 |
Vanguard Total Bond Market
BND
|
+$66.2M |
| 3 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$64.2M |
| 4 |
iShares Global Energy ETF
IXC
|
+$62.3M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$60.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.15% |
| 2 | Financials | 3.16% |
| 3 | Healthcare | 2.8% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
CDW
CDW
$18.6B
| $9.17M | ﹤0.01% |
40,951
+3,050
| +8% | +$707K |
|
1427
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
| $9.16M | ﹤0.01% |
799,377
+86,441
| +12% | +$946K |
|
1428
Simplify Health Care ETF
PINK
$381M
| $9.15M | ﹤0.01% |
291,364
-63,168
| -18% | -$1.89M |
|
1429
First Trust Europe AlphaDEX Fund
FEP
$526M
| $9.13M | ﹤0.01% |
248,017
-10,257
| -4% | -$390K |
|
|
IMVP
1430
Invesco India ETF
IMVP
$125M
| $9.11M | ﹤0.01% |
311,704
+36,795
| +13% | +$1.02M |
|
1431
Watsco Inc
WSO
$12.8B
| $9.11M | ﹤0.01% |
19,662
+1,417
| +8% | +$648K |
|
1432
WisdomTree Dynamic International SmallCap Equity Fund
DDLS
$434M
| $9.11M | ﹤0.01% |
265,030
+8,741
| +3% | +$301K |
|
1433
First Trust Horizon Managed Volatility Domestic ETF
HUSV
$76M
| $9.1M | ﹤0.01% |
256,872
-3,698
| -1% | -$129K |
|
1434
Invesco Solar ETF
TAN
$1.43B
| $9.07M | ﹤0.01% |
225,633
+4,390
| +2% | +$192K |
|
1435
Defiance Quantum ETF
QTUM
$5.19B
| $9.07M | ﹤0.01% |
144,404
-3,701
| -2% | -$225K |
|
1436
Rocket Companies
RKT
$37.5B
| $9.01M | ﹤0.01% |
657,336
+16,910
| +3% | +$229K |
|
1437
VanEck Retail ETF
RTH
$250M
| $9M | ﹤0.01% |
43,758
+5,365
| +14% | +$1.09M |
|
1438
Dollar Tree
DLTR
$24.7B
| $9M | ﹤0.01% |
84,286
-4,510
| -5% | -$532K |
|
1439
Schwab International Small-Cap Equity ETF
SCHC
$5.42B
| $8.99M | ﹤0.01% |
252,776
+44,135
| +21% | +$1.57M |
|
1440
Invesco S&P SmallCap Low Volatility ETF
XSLV
$247M
| $8.99M | ﹤0.01% |
205,961
+2,263
| +1% | +$97.9K |
|
1441
Arbor Realty Trust
ABR
$921M
| $8.97M | ﹤0.01% |
625,358
+14,736
| +2% | +$197K |
|
1442
Fidelity MSCI Energy Index ETF
FENY
$1.99B
| $8.97M | ﹤0.01% |
357,530
+61,483
| +21% | +$1.57M |
|
1443
BlackRock Science and Technology Trust
BST
$1.59B
| $8.96M | ﹤0.01% |
237,878
+67,261
| +39% | +$2.43M |
|
1444
JPMorgan Limited Duration Bond ETF
JPLD
$3.96B
| $8.96M | ﹤0.01% |
174,939
+24,492
| +16% | +$1.25M |
|
1445
Wheaton Precious Metals
WPM
$51.5B
| $8.95M | ﹤0.01% |
170,828
+9,288
| +6% | +$497K |
|
1446
iShares US Basic Materials ETF
IYM
$1.15B
| $8.94M | ﹤0.01% |
63,852
-9,153
| -13% | -$1.32M |
|
|
IBHE
1447
DELISTED
iShares iBonds 2025 Term High Yield and Income ETF
IBHE
| $8.92M | ﹤0.01% |
383,395
+181,689
| +90% | +$4.23M |
|
1448
Lamar Advertising Co
LAMR
$16.3B
| $8.9M | ﹤0.01% |
74,447
+8,352
| +13% | +$972K |
|
1449
iShares Inflation Hedged Corporate Bond ETF
LQDI
$69.7M
| $8.89M | ﹤0.01% |
343,872
+205,607
| +149% | +$5.29M |
|
1450
iShares China Large-Cap ETF
FXI
$4.37B
| $8.89M | ﹤0.01% |
342,081
-164,236
| -32% | -$4.31M |
|
Similar funds
LPL Financial's Q2 2024 Portfolio in Review
As of Q2 2024, LPL Financial held 5,204 positions worth $201B, up 7.8% from $186B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $11.6B of net new capital in Q2 2024, opening 296 new positions and adding to 3,022 existing holdings. Its largest new stake was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
By sector, the portfolio is most concentrated in Technology at 8.1% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI EAFE Value ETF, an estimated $124M trimmed.
- LPL Financial's largest Q2 2024 buy was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
- LPL Financial added most to iShares S&P 500 Growth ETF in Q2 2024, an estimated $346M increase.
- LPL Financial's biggest Q2 2024 reduction was iShares MSCI EAFE Value ETF, cutting an estimated $124M.
- LPL Financial fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $30.9M.
- LPL Financial's ten largest holdings make up 17% of its $201B portfolio in Q2 2024.
- LPL Financial opened 296 new positions and closed 196 in Q2 2024.
- LPL Financial's portfolio value rose 7.8% quarter-over-quarter to $201B.
Based on LPL Financial's 13F filing for Q2 2024, filed 7 Aug 2024.